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|Chief Executive:|Chief Executive:||Chris Bates BA, MA|||||
|---|---|---|---|---|---|---|---|
|Director of Finance and||Administration:|Sally Vernon
BA, FCA (resigned 19.02.21)|||||
||||Vaani Nirantharakumar|BSc,||ACMA (appointed|11.01.21)|
|Company|Secretary:||Sally Vernon
BA, FCA (resigned 19.02.21)|||||
||||Vaani Nirantharakumar|BSc,||ACMA (appointed|22.02.21)|
|Auditors:|||Haines Watts Birmingham||LLP|||
||||5-6 Greenfield
Crescent|||||
||||Edgbaston|||||
||||Birmingham|||||
||||B153BE|||||
|Bankers:|||Unity Trust Bank pic|||||
||||9 Brindley Place|||||
||||4 Oozells Square|||||
||||Birmingham,
B1 2HE|||||
||||Aldermore
Bank pic|||||
||||1st Floor, Block B, Western|||House||
||||Lynch Wood|||||
||||Peterborough,
PE2 6FZ|||||
|Website:|||www. rathbone. co.uk|||||
|Structure,|Governance|and Management||||||
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||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
||||Funds|Funds|Total|Total|
|||Notes|2021|2021|2021|2020|
||||E|E|E|E|
|Income:|||||||
|Donations
and legacies|||810||810|44,598|
|Charitable
Activities:|||||||
|Housing
and Supported|Living|4|1,833,424||1,833,424|1,799,937|
|Training
and Education|||||||
|Grant for Crisis Support||||102,709|102,709|102,516|
|Investment
income|||5,797||5,797|14,287|
|Other||||17,461|17,461|4,521|
|Total Income|||1,840,031|120,170|1,960,201|1,965,859|
|Expenditure
on:|||||||
|Raising Funds|||||||
|Charitable
Activities:|||||||
|Housing
and Supported|Living||1,646,158||1,646,158|1,675,068|
|Crisis Support||||91,535|91,535|101,279|
|Other grant||||17,461|17,461||
|Total Expenditure||6|1,646,158|108,996|1,755,154|1,776,347|
|Net gains/losses
on Investments|||||||
|Net income/(expenditure)|||193,873|11,174|205,047|189,512|
|Transfers
between
funds|||||||
|Net Movement
in Funds|||193,873|11,174|205,047|189,512|
|Reconciliation
offunds:|||||||
|Total Funds Brought Forward|||2,264,715|44,943|2,309,658|2,120,146|
|TOTAL FUNDS CARRIED FORWARD|||2,458,588|56,117|2,514,705|2,309,658|
##
|BALANCE SHEET AS AT|BALANCE SHEET AS AT|31 MARCH 2021||||
|---|---|---|---|---|---|
||||Notes|2021|2020|
|||||E|f.|
|Fixed assets:||||||
|Tangible assets|||11|716,973|758,611|
|Investments|||12|4|4|
|Total Fixed Assets||||716,977|758,615|
|Current assets:||||||
|Debtors|||13|181,819|236,962|
|Cash at bank and in|hand|||1,735,597|1,432,871|
|Total Current Assets||||1,917,416|1,669,833|
|Creditors:
amounts|falling due within one year||14|(119,687)|(118,790)|
|Net current assets||||1,797,729|1,551,043|
|Total assets less current||liabilities||2,514,705|2,309,658|
|Creditors:
amounts|falling due after more|||||
|than one year||||||
|Net Assets|||21|2,514,705|2,309,658|
|Charity Funds:||||||
|Unrestricted
Funds|||21|2,458,588|2,264,715|
|Restricted
Income Funds|||21|56,117|44,943|
|||||2,514,705|2,309,658|
##
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||||Notes|2021|2020|
|---|---|---|---|---|---|
||||||E|
|Cash flows from operating|activities:|||||
|Net cash provided
by (used in) operating||activities|23|303,444|152,170|
|Cash flows from investing|activities:|||||
|Dividends,
interest
and rents from investments||||5,797|14,287|
|Proceeds from the sale of|property,
plant and equipment|||||
|Purchase of property,
plant and equipment||||(6,515)|(376,086)|
|Net cash provided
by (used in) investing||activities||(718)|(361,799)|
|Cash flows from financing|activities:|||||
|Change in cash and cash equivalents
in the year||||||
|Cash and cash equivalents|at 1 April|||1,432,871|1,642,500|
|Cash and cash equivalents|at 31March|||1,735,597|1,432,871|
|Cash and cash equivalents|consists of|||||
|Cash at Bank and in Hand|at 31 March|||1,735,597|1,432,871|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||Funds|Funds||
|||Notes||||
||||2020|2020|2020|
||||E|E|E|
|Income:||||||
|Donations
and legacies|||44,598||44,598|
|Charitable
Activities:||||||
|Housing
and Supported|Living||1,799,937||1,799,937|
|Training
and Education||||||
|Grant for Crisis Support||||102,516|102,516|
|Investment
income|||14,287||14,287|
|Other|||4,521||4,521|
|Total Income|||1,863,343|102,516|1,965,859|
|Expenditure
on:||||||
|Charitable
Activities:||||||
|Housing
and Supported|Living||1,673,378|1,690|1,675,068|
|Crisis Support||||101,279|101,279|
|Total Expenditure|||1,673,378|102,969|1,776,347|
|Net income/(expenditure)|||189,965|(453)|189,512|
|Transfers
between
funds||||||
|Net Movement
in Funds|||189,965|(453)|189,512|
|Reconciliation
offunds:||||||
|Total Funds Brought Forward||||45,397|2,120,146|
|TOTAL FUNDS CARRIED FORWARD||||44,944|2,309,658|
##
|3.|Donations|||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E|E|
||Unrestricted|Donations||||||810|44,598|
||There were|no donations|from Trustees|||during the year|(2020 ENil).|||
|4.|Income from charitable||activities|||||||
|||||||||2021|2020|
|||||||||E|E|
||Unrestricted|Income:||||||||
||Housing and|Supported|Living:|||||||
||B'ham City Council Supporting|||People||||731,433|747,928|
||Income from|Housing||||||563,657|545,864|
||Sandwell
MBC/City of Birmingham|||||||489,894|457,319|
||Social Care|and Health||||||||
||Birmingham|City Council|ESFfunded||PURE project|||48,435|48,826|
||Other income|||||||5||
|||||||||1,833,424|1,799,937|
||Restricted Income:|||||||||
||Rebuild
My Life Crisis Support|||funded|by|the Community|Fund|102,709|102,516|
||Other income|||||||17,461||
|||||||||120,170|102,516|
|5.|Investment|Income||||||2021|2020|
|||||||||E,|f.|
||Bank Interest|||||||5,797|14,287|
##
|6. Expenditure|6. Expenditure|on Charitable|on Charitable|Activities||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Direct|Other|Allocated|Total|Total|
||||||Staff|Direct|Support|||
||||||Costs|Costs|Costs|||
||||||2021|2021|2021|2021|2020|
||||||E|E|E|E|E|
|Charitable|Activities:|||||||||
|Housing|and Supported||Living||985,268|470,010|190,879|1,646,158|1,675,068|
|Rebuild|My Life Crisis||Support||72,047|12,497|6,992|91,535|101,279|
|Other Grants|||||16,121|1,340||17,461||
|Total Resources||Expended|||1,073,436|483,847|197,871|1,755,154|1,776,347|
|7. Support|Costs|||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Staff Costs (management,|||finance,|IT, personnel,|quality|161,268|136,043|
|and administration)||||||||
|Head Office|Premises|Costs||||4,253|4,467|
|Administration|and Overheads|||||23,110|36,679|
|Governance|Fees|||||9,240|9,516|
|||||||197,871|186,705|
##
|8.|Net Income||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|
||||||||||E|
||Net Income is stated|after charging:||||||||
||Depreciation
of assets||||||48,153||30,023|
||Profit on disposal of fixed assets|||||||||
||Operating
lease rentals:|||||||||
||Land and buildings||||||52,741||52,741|
||Auditors'
remuneration:|||||||||
||Audit services||||||9,240||8,110|
||Trustees'
remuneration||and expenses|||||||
|9.|Employees'
Information|||||||||
||The average
number|and full time equivalent||persons||2021||2020||
||employed
during the|year was:||||No|FTE|No|FTE|
||Housing
and Supported||Living|||45|38|44|39|
||General Administration||and Finance|||4|3|3|3|
|||||||49|41|47|42|
||Staff Costs||||||2021||2020|
||||||||E||E|
||Wages and salaries|||||1,084,614||1,065,419||
||Social security costs||||||89,607||91,250|
||Employer's
contribution||to defined contribution|pension|schemes||60,483||59,436|
|||||||1,234,704||1,216,105||
##
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|For employees|For employees|earning over f60,000 per annum|earning over f60,000 per annum|earning over f60,000 per annum|earning over f60,000 per annum|||
|---|---|---|---|---|---|---|---|
|excluding
pension|||contributions:|||2021|2020|
|||||||No|No|
|f70,001 - E80,000||||||||
|||||||2021|2020|
|||||||E|E|
|Total|amounts|paid|to Defined Contribution||Schemes|4,837|4,742|
|||||||2021|2020|
|||||||No|No|
|Staff|to whom|retirement||benefits are accruing||||
|under|Defined|Contribution||Schemes||||
##
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|11.Tangible
Fixed Assets|Office|||
|---|---|---|---|
||Equipment|Freehold||
||Fixtures|Land &||
||8 Fittings|Buildings|Total|
||E|E|E|
|Cost||||
|At 1 April 2020|254,752|815,782|1,070,533|
|Additions|6,515||6,515|
|Disposals||||
|At 31 March 2021|261,266|815,783|1,077,049|
|Accumulated
Depreciation||||
|At 1 April 2020|175,483|136,440|311,923|
|Charge for year|19,017|29,136|48,153|
|Disposals||||
|At 31 March 2021|194,500|165,576|360,076|
|Net Book Value||||
|At 31 March 2021|66,766|650,206|716,973|
|At 31 March 2020|79,269|679,342|758,611|
##
##
|12.|Investments|Investments|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Investment||in|wholly owned|||||Subsidiaries||||E|E|
||Cost||||||||||||||
||2 Ordinary||shares||in|Rathbone|||Europe|Limited|||||
||2 Ordinary||shares||in|Rathbone|||West Midlands|||Ltd|||
||Name|||||||||Activity||of Subsidiary|Capital and|Reserves|
||||||||||||||2021|2020|
||||||||||||||E||
||Rathbone|West||Midlands|||Ltd||||Dormant||||
||Rathbone|Europe|||Limited||||||Dormant||||
|13.|Debtors||||||||||||2021|2020|
||||||||||||||E|E|
||Trade debtors||||||||||||137,601|226,754|
||Prepayments||and||Accrued|||Income|||||42,366|8,664|
||Other debtors||||||||||||1,852|1,544|
||||||||||||||181,819|236,962|
|14.|Creditors:|amounts||||falling||due within one|||year||2021|2020|
||||||||||||||E|E,|
||Trade creditors||||||||||||43,394|34,868|
||Other taxation|||Et|social security costs||||||||24,065|24,831|
||Accruals||||||||||||41,009|59,091|
||Deferred|Income|||(note 15)||||||||11,219||
||||||||||||||119,687|118,790|
|NOTES TO THE FINANCIAL|NOTES TO THE FINANCIAL|STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021|STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021|STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021||
|---|---|---|---|---|---|
|15.Deferred
Income||||2021|2020|
|||||E|E|
|At 1 April||||||
|Income received|for services to be provided|||in the following||
|financial year:||||||
|Rental Income||||5,846||
|Housing
and Supported|||living|5,373||
|Income received|in prior||years released for|services provided||
|in the current financial||year:||||
|Rental Income||||||
|Housing
and Supported|||living|||
|At 31 March||||11,219||
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||2021|2020|
|---|---|---|
||E|E|
|Not later than one year|52,741|52,741|
|Later than one and not later than five years|90,496|143,236|
||143,236|195,977|
|21.|Analysis of Funds|Analysis of Funds|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||2021|2021|2021|2020|
||||E|E|E|E|
||Representation|of Fund Balances|||||
||Tangible Assets||716,977||716,977|758,615|
||Cash at Bank and|in Hand|1,676,635|58,962|1,735,597|1,432,871|
||Net Current Assets/(liabilities)||64,977|(2,845)|62,132|118,172|
||Total Net Assets||2,458,588|56,117|2,514,705|2,309,658|
##
##
||||1 April|Income|Expend-|Transfer|31 March|
|---|---|---|---|---|---|---|---|
||||2020||iture|Funds|2021|
|Restricted
Funds:|||E||E|E|E|
|Thursday
Club|||389||||389|
|Donations for Cromer Road|||32,938||||32,938|
|Development||||||||
|Umberslade
Road Centre||Funding|5,766||||5,766|
|RML funded
by The National||||||||
|Lottery Community|Fund||5,850|102,709|(91,535)||17,023|
|Covid 19Business|Grant|||17,461|(17,461)|||
|Other sundry restricted||donations||||||
|Total Restricted
Funds|||44,943|120,170|(108,996)||56,117|
|Unrestricted
Funds|- general||2,264,715|1,840,031|(1,646,158)|(750,000)|1,708,588|
|Unrestricted
Funds|- designated|||||750,000|750,000|
|Total Funds|||2,309,658|1,960,201|(1,755,154)||2,514,705|
##
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|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Net incomel(expenditure)|for the reporting||period|205,047|189,512|
|(asper the statement|offinancial activities)|||||
|Adjustments
for:||||||
|Depreciation
charges||||48,153|30,023|
|Dividends,
interest
and|rents from investments|||(5,797)|(14,287)|
|(Increase) /decrease
in debtors||||55,143|(67,246)|
|Increase/(decrease)
in creditors||||898|14,168|
|Net cash provided
by (used in) operating||activities||303,444|152,170|